Save the date for September 23, 2020 at 11am Eastern (UTC - 4) for our next Entrepreneurship & Strategy Insights Seminar. This session will feature Maryann Feldman (University of North Carolina at Chapel Hill) presenting "Regional income disparities, monopoly and finance".
The overall rise in inequality in the U.S. since 1980 has been matched by a rise in inequality between places; local and regional development policies aimed at reversing this polarization have seen limited success. We propose an explanation for the spatial polarization of prosperity and the failure of the policies to remedy it. Our explanation is based on the interaction of monopoly power, agglomeration economies in technology clusters, and the power of financial sector actors over non-financial firms – all phenomena characteristic of the post-1980 economy. We review evidence for each of these elements and propose some causal relationships between them, as an outline of an ongoing research program.
*Live webinar participation is a benefit of membership in the Strategic Management Society. You can learn more and join here: www.strategicmanagement.net/home/members/overview